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Credit Risk Management Specialist

1 month ago

Boston, Massachusetts, United States Northeast Bank Full time
Job Title: Credit Risk Controls Manager

Northeast Bank is a community bank and national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are seeking a motivated and talented individual to join our team as a Credit Risk Controls Manager.

Job Summary:

The Credit Risk Management Department provides an overall quality control review of various stages within the lending function. This role will work within the team to identify systemic issues, control weaknesses, and process improvements, as well as assessing potential risks that may impact the organization.

Key Responsibilities:
  • Manage the quality of Bank credit administration information to ensure accuracy and timeliness.
  • Ensure procedures from origination/purchase through servicing and disposition are documented with controls in place to minimize risk of loss to the Bank and adhere to Policy.
  • Develop an Internal Audit plan that covers the commercial lending area, including Underwriting, Real Estate, Loan Closing, Asset Management, and Loan Servicing.
  • Present findings and recommendations to upper management through reports and presentations.
  • Maintain independence within the audited activities and carry out assignments objectively.
  • Perform reviews of commercial loan underwriting to ensure compliance with the Bank's Credit Policy as needed.
  • Analyze and approve annual commercial Asset Reviews as needed.
  • Assist in performing a QC review of initial commercial credit files and prepare electronic credit files for regulator and auditor visits.
  • Perform initial eligibility review for loans pledged to the FHLB and FRB BIC program and create processes and controls to ensure adherence to the program guidelines.
  • Review disbursement requests for appropriateness in accordance with loan documentation.
  • Oversee and/or perform post-closing reviews of files and loan system.
  • Perform a post-closing follow-up on outstanding items (legal and non-legal).
  • Develop and generate management reporting of exceptions on a regular and ad hoc basis.
  • Monitor credit servicing functions to streamline processes and implement controls to assure management of documentation and portfolio management accuracy and effectiveness.
  • Adhere to the Bank's Credit Policy.
  • Successfully pass technical and regulatory examinations required by the Company.
Requirements:
  • 5+ years of experience in Public Accounting or Internal Auditing preferred.
  • Ability to assimilate, organize, and analyze large amounts of information.
  • Excellent written and verbal communication skills.
  • Strong organizational skills and attention to detail.
  • Ability to multi-task and self-motivate.
  • Intermediate to advanced Microsoft Office skills.
  • Capable of working independently as well as across departments with individuals at all levels of the organization.
  • Ability to be resourceful as well as have strong problem-solving capabilities.
  • Ability to identify group organizational needs and collaborate with others to find efficient solutions.
  • Bachelor's degree or equivalent.
Work Environment:
  • Must be able to remain in a stationary position for long periods of time.
  • Must be able to occasionally lift up to 25lbs.
  • Consistently operates a computer and other office machinery such as calculator, copy machine, and printers.
  • Climate-controlled general office setting with moderate noise level.
  • Must express or exchange ideas and meaning with co-workers, supervisors, customers, and vendors.

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national origin, veteran status, and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.